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Nov 14, 2012
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the fiscal cliff, about a dozen ceos are scheduled to meet with president obama. ken shenalt of american express. among the corporate leaders, lloyd blankfein, in an op-ed, the goldman sachs ceo says the obama administration should model itself after the roosevelt administration, back to the great depression and world war ii. blankfein notes in the 19 there was, quote, extreme bitterness between the business community and the roosevelt administration, but two sides worked together and spurred an increase in industrial production that lifted the united states out of the great depression. blankfein also writes there's more than $1 trillion of cash sitting on the balance sheets of non-u.s. financial companies with certainty about tax rates, companies will increase their capital expenditures, currently at anemic levels. he goes on to add that broadening the personal income tax base by closing loopholes will generate substantial additional revenue while minimizing increases in marginal rates that could stifle risk taking and robust growth. blankfein also stresses the i
the fiscal cliff, about a dozen ceos are scheduled to meet with president obama. ken shenalt of american express. among the corporate leaders, lloyd blankfein, in an op-ed, the goldman sachs ceo says the obama administration should model itself after the roosevelt administration, back to the great depression and world war ii. blankfein notes in the 19 there was, quote, extreme bitterness between the business community and the roosevelt administration, but two sides worked together and spurred...
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Nov 5, 2012
11/12
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obama, white men favor obama. there's just not enough -- >> favor romney. >> i mean favor romney. there's not enough white men out there to swing romney. that's how i feel. >> the journal points out today they think the end of the election is a win for the markets no matter what happens because it takes some uncertainty off the table. what do you two think? >> i totally agree. i feel like we are beleaguered by the election. i would love to go back to fundamentals and worry about greece. >> do you think we'll talk about the fiscal cliff wednesday morning? >> i think that a resolution will enable one party to be able to blink, i hope, or at least be able to say, look, we have to come together. the fiscal cliff is one that is -- i keep thinking it's much more of a fiscal hill that's been the new slope. anything that says, okay, look some party is in jeopardy or some people is in jeopardy will make somebody blink. i think we're a great country and that we'll solve this. >> guys, we'll see you in a few minutes coming u
obama, white men favor obama. there's just not enough -- >> favor romney. >> i mean favor romney. there's not enough white men out there to swing romney. that's how i feel. >> the journal points out today they think the end of the election is a win for the markets no matter what happens because it takes some uncertainty off the table. what do you two think? >> i totally agree. i feel like we are beleaguered by the election. i would love to go back to fundamentals and...
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Nov 8, 2012
11/12
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he wants four for obama so hillary can run. is it going to be good no matter the next four years or the last? >> i think it's going to get worse before it gets better. one of our views at our firm is that business cycles are going to be shorter, they'll be more typical. you go into recessions every four and five years which is more normal. the '80s and '90s were anomalies, very long cycles and long expansions. >> the average duration of the business cycle since the '20s is 38 months and guess when that ended? this month. >> right. >> i don't know what would have happened yesterday, steve f romney had been elected. >> all kinds of people would have been saying all kinds of things. you can be sure about that. >> we might have been done better than down 300. i don't know for sure. maybe there's other things. >> i'm with andrew in the following way i find it impossible to believe the market did not discount an obama victory the way -- >> you were just arguing romney was going to win, that's why it would be a good year. >> quickly c
he wants four for obama so hillary can run. is it going to be good no matter the next four years or the last? >> i think it's going to get worse before it gets better. one of our views at our firm is that business cycles are going to be shorter, they'll be more typical. you go into recessions every four and five years which is more normal. the '80s and '90s were anomalies, very long cycles and long expansions. >> the average duration of the business cycle since the '20s is 38 months...
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Nov 29, 2012
11/12
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president obama hopeful that it can be reached before christmas. eam eamon has more on this. >> for the past few days i've been on air explaining why markets are wrong to react to the washington boilerplate headlines. that's washington boilerplate but we did get some comments here last night in washington with lloyd blank fein and john harwood on air that i think are significant and will move the needle here on this deal. take a look at how lloyd blankfein said president obama explained it last night. >> the president was, you know, gave us a lot of time. he and the staff went through a very detailed plan of what the plan was for balancing the budget. devil in the details. there was a lot of details, and i would say i think there was a lot -- it was very credible. >> now, the political significance here of the head of goldman sachs calling the president's plan very credible is probably great news for the white house. it gives them the type of political cover they were look for from the ceo meeting. if you're a neutral person who doesn't care what t
president obama hopeful that it can be reached before christmas. eam eamon has more on this. >> for the past few days i've been on air explaining why markets are wrong to react to the washington boilerplate headlines. that's washington boilerplate but we did get some comments here last night in washington with lloyd blank fein and john harwood on air that i think are significant and will move the needle here on this deal. take a look at how lloyd blankfein said president obama explained...
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Nov 15, 2012
11/12
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yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say there's strong recognition of the significant of getting a deal for the ben fft t benefit of the american public. >> this is all about trying to make american business more competitive, trying to have a fair balanced approach to tax refo reform. the president was clear he wants a balanced approach and we were clear we are behind him. >> top the president and top member of congress will be meeting. cnbc is urging leaders to rise above partisan rhetoric to try to find a solution and in that spirit, we have two guest hosts. first of all, george p. bush, and jared bernstein, both joining us to talk about poli
yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say...
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Nov 12, 2012
11/12
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that would work but we're not hearing that from president obama. he's still talking about rates. >> imagine the revenue explosion in federal government if you do 3.5% to 1.5%. simple as all that. >> peter, thank you. >> thank you. >>> coming up, the ceo of televisa. >>> time for today's aflac trivia question. on this day in 1993, the top song of the billboard hot 100 list was "i'd do anything for love" by michael lee aday, better known by what name? the answer when cnbc's "squawk box" continues. huh! no! who's gonna help cover the holes in their plans? aflac! quack! like medical bills they don't pay for? aflac! or help pay the mortgage? quack! or child care? quack! aflaaac! and everyday expenses? huh?! blurlbrlblrlbr!!! [ thlurp! ] aflac! [ male announcer ] help your family stay afloat at aflac.com. plegh! is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearly indestructible laptops, and
that would work but we're not hearing that from president obama. he's still talking about rates. >> imagine the revenue explosion in federal government if you do 3.5% to 1.5%. simple as all that. >> peter, thank you. >> thank you. >>> coming up, the ceo of televisa. >>> time for today's aflac trivia question. on this day in 1993, the top song of the billboard hot 100 list was "i'd do anything for love" by michael lee aday, better known by what name?...